Like Thomas perhaps?
Haha, you can't win it if you don't risk it.
Putting in 5k for a chance to take out 50k I'll do every time, if anything I have been too conservative during the last couple of shitco rallies. This one looks like a write-off, with a remote chance of a half decent recovery. No regrets.
Someone who lies about the little things will lie about the big things too.
Like Thomas perhaps?
Twitter thread
https://twitter.com/MacroAlf/status/...f7aW-zZww&s=19
I take it you haven't managed to make contact with the SEC yet then?
https://simplywall.st/stocks/us/tran...orp-nasdaqatxg
What fresh hell is this? A DCF model for a meme stock? That is the funniest thing in a long time.
Addentex is a piece of trash, they are doing a bit of logistics, manufacture masks and some plastic shite.
I suppose they are worth $0.50 per share when properly valued, possibly less.
Well, anyway the stock traded up to $6.24 and then collapsed to $4.70. Maybe another try tomorrow, maybe next week, maybe next year, maybe never. We will see.
Someone who lies about the little things will lie about the big things too.
Alrighty, I can see you're going to need a little convincing here. Let's try again, this time using a high tech stock with an established track record.
https://simplywall.st/stocks/us/soft...ic-value-is-po
0.75% US IR increase. Surely BOE needs to at least match that or sterling will crater further. £1 GBP is $1.13 currently
U.S. Treasury yields are approximately 10x compared to Jan. 1. 12 and 24 month notes are now yielding over 4%.
Just gambled a few K in each of Sleazyjet and Rolls Royce.
EasyJet well below pandemic lows and Rolls Royce not far off.
When there is blood on the streets. Just not sure there will not be more blood.
Someone who lies about the little things will lie about the big things too.
OK folks. here is a conundrum for you.
If you had a windfall of £200,000, what would you do with it now? I know absolutely nothing about stocks and shares - I have my ISA etc with SJP and they have done quite well up until this year. I think the stock market is too high at 7300 ish to put any more money in (when I get paid) and I don't want everything in the one place. I wondered about trying to buy some land, but even agricultural land prices are absolutely stupid at the moment, great if you have some to sell.
It is such a minefield out there and so many people with big salaries looking for places to put their spare cash driving prices of everything up.
Go on then, what would you do with it (NOT stocks and shares, they are not allowed!)
Alternatively, put half of the money into Dogecoin and split the rest between a plot of land on Mars and some Rolex watches.
Someone who lies about the little things will lie about the big things too.
I already own Mars, and The Moon - would you like a customised plot with a certificate of ownership. I shall sell some to Geoff Bezos and that rocketship fellow, so you will be in good company!
That Bitcoin thing - I can't understand that either. How can some numbers in a computer be worth anythng and then keep going up? Great if you can find a bigger idiot to pay more than you did!
All those hedge funds that shorted the pound , wish I was one
- - - Updated - - -
All those hedge funds that shorted the pound , wish I was one
I reduced some of my short positions and increased some longs on Friday because I am expecting a bit of a bounce here.
Will look to reverse these trades and potentially increase my net short position at higher levels. Still expecting new cycle lows in the weeks or months to come.
Someone who lies about the little things will lie about the big things too.
I bought a lot around 4 pm on Friday afternoon in addition to the EasyJet/Rolls Royce mentioned.
I bought back all my FTSE ETF that I sold at 7400 a couple of months ago.
And in advance of the Fed meeting, I felt it would be bad for the markets as nothing has changed, so I sold a heck of a lot of oil company shares on Tuesday and bought them all back on Friday for 6% less.
If there is a bounce next week I will flog them all again. I bought on Friday on the basis that a very weak £ lifts valuations, if the fear dissipates for a few days. And the fact that US markets are down 15% in one month, so there might be a breather in the markets.
But, like you not confident at all going forward, but thought it would be fun to gamble and lose/win money amidst all the volatility.
Yes long FTSE above 7000 looks decent here for a short term trade.
Sterling just opening in Asian markets, gapping even lower.
Someone who lies about the little things will lie about the big things too.
It’s even lower than that now!!!
Sent from my iPhone using TZ-UK mobile app
Someone who lies about the little things will lie about the big things too.
I reckon BOE emergency rate hike imminent. Possibly today
Looking forward, bought GBP/USD this morning.
However, mind you that the market usually doesn't look kindly at a central bank that intervenes in the market one way or another. Just look at USD/JPY, where the BOJ intervened a week ago and the yen is already back where it was before the intervention.
Someone who lies about the little things will lie about the big things too.
And sold again at 1.0720. Nice.
Someone who lies about the little things will lie about the big things too.
This is just massive. Over leveraged debtors are going to get crushed. Housing market is certainly going to crash.
Deep recession incoming.
Let us stick with the mathematics then.
£200k interest only loan at historical typical teaser rates of 2% results in an interest payment of £333/pm.
Market are now pricing in 5% IRs next year. So, mortgage rates will easily reach 7%.
£200k @ 7% is £1167, or an increase of 350%.
BTLers are going to get liquidated, but who cares about them. High LTV buyers are really, really going to suffer.
House prices are based on affordability and that is only going one way.
House prices will tank bring the U.K. into a deep recession. Remember, 1992?
When I re-mortgaged just after the GFC, they insisted on a in person valuation even though I had loads of equity.
The person who came around said he had no precedence for valuing the property for mortgage reasons and then valued it 20% less than I paid two years earlier. This is in a popular area of the SE.
Things change fast. And they are changing fast.
That sounds very specific to your property. Things may change fast but I'm doubtful of this cataclysm you forecast as there is still a huge shortage of properties in the UK
Mortgage affordability test scrapped by Bank of England
https://www.bbc.co.uk/news/business-62353114
Although from the article in August
I presume the banks maybe more fussy on valuation in case they need to foreclose though?"What checks remain for borrowers?
There are some key protections in place to help ensure that borrowers don't take on loans they may not be able to afford.
The main one is a loan-to-income "flow limit" which limits the number of mortgages that lenders can grant to borrowers at ratios at or greater than 4.5 the borrowers' salary.
In short, it is very rare that a lender will consider a higher loan-to-income ratio because of the restriction.
After a review of the rules in 2021 the Bank of England's Financial Policy Committee judged that "the LTI flow limit is likely to play a stronger role than the affordability test in guarding against an increase in aggregate household indebtedness and the number of highly indebted households in a scenario of rapidly rising house prices".
"The change in the affordability rules may not be as significant as it sounds as the loan-to-income 'flow limit' will not be withdrawn, which has much greater impact on people's ability to borrow," said Gemma Harle, managing director at Quilter Financial Planning.
The FCA's Mortgage Conduct of Business responsible lending rules also require a wide assessment of affordability.
U.S. Treasury Bond yields, 9/26/22:
- 6 mo 3.95%
- 12 mo 4.17%
- 24 mo 4.27%